The median home in Callaway, Florida is valued at $256,396, down 2.2% year over year. Typical monthly rent is $1,899, producing a price-to-rent ratio of 11.3x — below the national average of 18x. Callaway is part of the Panama City, FL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Panama City, FL stress score, crash risk, and 12-month forecast →

Home Value$256,396

-2.2%

Rent$1,899/mo

AFFORDABILITY

Enter your income for Callaway.

Income (annual)

Down Payment

$51,279 on $256,396

Stretch — 29.3% of income

Above 28% but manageable with cuts.

PITI$1,830

P/I29.3%

Afford$245K

Gap-$11K

P&I $1,296Tax $184Ins $350

Buying $69/mo cheaper ($1,899 rent)6.50% 30yr, 20% down, county tax + FL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Florida

Compare Callaway with other housing markets across Florida.

Jupiter Island$9494K Golden Beach$7499K Fisher Island$6393K Lake Buena Vista$6088K Jupiter Inlet Colony$3619K Manalapan$3569K Golf$2871K Boca Grande$2635K

Full Panama City, FL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Panama City, FL metro.

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CALLAWAY, FL